SPX Opens Lower, Moves Lower, Afternoon Rally, Closes Lower...Utilities, Health Care, Real Estate Lead Sectors...

© 2023

-SPX -25.69, opens lower, moves lower after JOLTS report, afternoon rally

-Debt ceiling deal in the House for debate and 8:30 pm vote expected.

-VIX up .48

-Fed speak from Bowman, Jefferson, Harker today.  

-INTC +1.45, +4.83% after TD Cowen conference and comments from NVDA

- EPS Thursday AVGO AMC.

-After hours: CRWD -18.73, -11.70%, EPS beat, soft Q2 guidance

-CRM -12.93, -5.79%, EPS beat, buy the rumor sell the news?

TLT, GLD and DXY closed higher, while /CL and TNX moved lower.

Mega caps TSLA, META, rose and AAPL, GOOGL, MSFT, AMZN, NVDA fell.

SPY down 2.33 at 417.85, on 110.8 million shares, above average volume, down on higher volume.

VIX up .48 at 17.94.

QQQ down 1.99 at 347.99

INTC, VZ, CRM, UNH led the DJIA, 13 advancers, +1

EW, JKHY, EIX, PFE led the SPX, 177 advancers

TEAM, DXCM, INTU, ABNB led the NDX, 47 advancers.

The two-year trend term is sideways.  The one-year trend is sideways.

Up:

Down:  DIA, SPY, QQQ, IWM,

Four of eleven sectors were higher on Wednesday, led by XLU, XLV and XLRE.

The SPY MFC green line turned up at 73 and is short-term bullish.  SPY opened lower and closed lower.

Uptrend sectors:   XLK, XLC, XLY,

Neutral sectors:  XLV, XLP, XLB, XLI, XLU, XLRE,

Down trend sectors: XLE, XLF,

The 6-month intermediate trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

47 of 100 NDX stocks closed higher on Wednesday.

50 NDX stock are above their 30 DMA:  AAPL, AMZN, CPRT, ISRG, MNST, CSGP, MSFT, NVDA, LRCX, META, VRSK, CTSH, DDOG, GOOG, GOOGL, AMD, CRWD, FTNT, ZS, NFLX, AMAT, ASML, KLAC, OKTA, AVGO, MRVL, MU, SNPS, RIVN, TSLA, WDAY, CSCO, ADBE, LCID, TEAM, CTAS, PANW, CDNS, NXPI, TXN, ZM, ANSS, COST, EA, GFS, PDD, ATVI, INTC, QCOM, ADSK,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 1

ADSK,

Moving Below 30 DMA = 3

FAST, MCHP, ODFL,

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SPX Gaps Up, Closes Flat on Profit Taking...Debt Ceiling Agreement...Consumer Discretionary, Technology, Real Estate Lead Sectors...

© 2023

-SPX +0.07, gapped up higher, profit taking pullback and closed flat.

-Debt ceiling deal tentatively agreed upon, Congress must now pass.

-VIX unchanged

-New high close: NVDA, AAPL, AMZN, META, NFLX, SNPS, CDNS & more

- EPS Wednesday AMC CRM, CRWD, Thursday AVGO AMC.

 

GLD and TLT closed higher, while /CL, DXY and TNX moved lower.

Mega caps TSLA, NVDA, AMZN, AAPL, META, rose and MSFT, GOOGL fell.

SPY up .16 at 420.18, on 72.2 million shares, below average volume, up on slightly lower volume.

VIX unchanged at 17.46.

QQQ up 1.58 at 349.98

INTC, CRM, AAPL, AMGN led the DJIA, 12 advancers, -10

PARA, ENPH, F, PWR led the SPX, 205 advancers

QCOM, SNPS, TSLA NFLX led the NDX, 47 advancers.

The two-year trend term is sideways.  The one-year trend is sideways.

Up:  QQQ, SPY,  

Down:  DIA, IWM,

Four of eleven sectors were higher on Tuesday, led by XLY, XLK and XLRE.

The SPY MFC green line turned down at 70.2 and is defensive.  SPY opened higher and closed flat.

Uptrend sectors:   XLK, XLC, XLY,

Neutral sectors:  XLV, XLP, XLB, XLI, XLU, XLRE,

Down trend sectors: XLE, XLF,

The 6-month intermediate trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

47 of 100 NDX stocks closed higher on Tuesday.

52 NDX stock are above their 30 DMA:  AAPL, AMZN, CPRT, ISRG, MNST, CSGP, MSFT, NVDA, LRCX, META, VRSK, CTSH, DDOG, GOOG, GOOGL, AMD, CRWD, FTNT, ZS, NFLX, AMAT, ASML, KLAC, OKTA, AVGO, MRVL, MU, SNPS, RIVN, TSLA, WDAY, CSCO, ADBE, LCID, TEAM, CTAS, PANW, CDNS, FAST, NXPI, TXN, ZM, ANSS, COST, EA, GFS, MCHP, PDD, ATVI, INTC, ODFL, QCOM,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 4

ATVI, INTC, ODFL, QCOM,

Moving Below 30 DMA = 3

ADSK, MELI, PAYX,

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SPX Closes Higher on Debt Ceiling Deal Optimism...Technology, Consumer Discretionary, Communication Services Lead Sectors...MRVL, PDD, WDAY Soar on EPS Reactions...

© 2023

      -Memorial Day Holiday, markets closed on Monday.

-SPX +54.17, opened slightly higher and closed higher.

-Positive sentiment from expectations of a debt ceiling deal getting done in time.

-VIX down 1.68

-MRVL +16.04, +32.42%, PDD +11.40, +18.99%, WDAY +19.66, +10.01%, on

- Positive EPS reactions

-Core PCE Price YoY, 4.7% vs. 4.6%est., MoM 0.4% vs. 0.3% est.

 

/CL, GLD and TLT closed higher, while DXY and TNX moved lower.

Mega caps TSLA, AMZN, META, NVDA, MSFT, AAPL, GOOGL rose.

SPY up 5.37 at 420.02, on 93.8 million shares, above average volume, up on slightly higher volume.

VIX down 1.68 at 17.46.

QQQ up 8.68 at 348.40

INTC, AXP, CRM, GS led the DJIA, 22 advancers, +9

NVDA, AMD, ANET, AVGO, ADBE, AMAT led the SPX, 341 advancers

MRVL, PDD, AVGO, WDAY led the NDX, 82 advancers.

The two-year trend term is sideways.  The one-year trend is sideways.

Up:  QQQ, SPY, IWM, DIA,

Down:

Eight of eleven sectors were higher on Friday, led by XLK, XLY and XLC.

The SPY MFC green line turned up at 70.5 and is short-term bullish.  SPY opened higher closed higher as NVDA EPS beat lifted tech stocks.

Uptrend sectors:   XLK, XLC, XLP, XLY, XLV,

Neutral sectors:  XLB, XLI, XLU, XLRE,

Down trend sectors: XLE, XLF,

The 6-month intermediate trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Up

82 of 100 NDX stocks closed higher on Friday.

51 NDX stock are above their 30 DMA:  AAPL, AMZN, CPRT, ISRG, MNST, CSGP, MSFT, NVDA, LRCX, META, VRSK, CTSH, DDOG, GOOG, GOOGL, AMD, CRWD, FTNT, ZS, NFLX, AMAT, ASML, KLAC, OKTA, AVGO, MRVL, MU, SNPS, ADSK, RIVN, TSLA, WDAY, CSCO, ADBE, LCID, PAYX, TEAM, CTAS, PANW, CDNS, FAST, NXPI, TXN, ZM, ANSS, COST, EA, GFS, MCHP, MELI, PDD,

NDX Stocks to Watch on Tuesday:

Moving Above 30 DMA = 7

ANSS, COST, EA, GFS, MCHP, MELI, PDD,

Moving Below 30 DMA = 1

ORLY,

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NDX, SPX Jump after NVDA EPS Beat & Guidance Raise...NVDA, AMD Lead NDX, SPX Higher...After-hours: MRVL +16%...

© 2023

-SPX +36.04, opened higher and closed higher after NVDA eps beats.

-GDP Q1 report raised to 1.3% from 1.1% first estimate.

-Negative sentiment from debt ceiling talks fell after upbeat comments

-From House Speaker McCarthy and Pres. Biden…

-NVDA +74.42, +24.37%, after EPS beat and blowout guidance on AI surge

-VIX down .89

-After hours: MRVL +8.28, +16.74%, after EPS and Sales beat.

-ULTA -42.88, -8.84%, EPS beat, same store sales miss.

-PCE Price index release Friday, 8:30 am ET, 4.3% est., prior 4.2%.

DXY and TNX closed higher, while /CL, GLD and TLT moved lower.

Mega caps NVDA, MSFT, GOOGL, META, TSLA, AAPL rose and AMZN fell.

SPY up 3.56 at 414.65, on 90.9 million shares, above average volume, up on slightly higher volume.

VIX down .89 at 19.14.

QQQ up 8.07 at 339.72

MSFT, CSCO, GS, IBM led the DJIA, 13 advancers, +8

NVDA, AMD, ANET, AVGO, ADBE, AMAT led the SPX, 203 advancers

NVDA, AMD, CDNS, SNPS led the NDX, 48 advancers.

The two-year trend term is sideways.  The one-year trend is sideways.

Up:  QQQ, SPY,

Down:  DIA, IWM,

Four of eleven sectors were higher on Thursday, led by XLK, XLI and XLRE.

The SPY MFC green line is pointed down at 68.9 and is short-term defensive.  SPY opened higher closed higher as NVDA EPS beat lifted tech stocks.

Uptrend sectors:   XLK, XLC, XLP, XLY, XLV,

Neutral sectors:  XLB, XLI, XLU, XLRE,

Down trend sectors: XLE, XLF,

The 6-month intermediate trend is up.  The ten-day trend is up a little.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

48 of 100 NDX stocks closed higher on Thursday.

45 NDX stock are above their 30 DMA:  AAPL, AMZN, CPRT, ISRG, MNST, CSGP, MSFT, NVDA, LRCX, META, VRSK, CTSH, DDOG, GOOG, GOOGL, AMD, CRWD, FTNT, ZS, NFLX, AMAT, ASML, KLAC, OKTA, AVGO, MRVL, MU, SNPS, ADSK, RIVN, TSLA, WDAY, CSCO, ADBE, LCID, PAYX, TEAM, CTAS, ORLY, PANW, CDNS, FAST, NXPI, TXN, ZM,

NDX Stocks to Watch on Friday:

Moving Above 30 DMA = 5

CDNS, FAST, NXPI, TXN, ZM,

Moving Below 30 DMA = 6

BKR, CMCSA, DLTR, ILMN, MDLZ, MELI, 

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SPX Closes Lower as Debt Ceiling Talks Resume with No Deal...Energy Leads Sectors...After-hours: NVDA gains 24% on EPS Beat...

© 2023

-SPX -30.34, opened lower and closed lower after release of FOMC minutes.

-SPX traded lower as debt ceiling talks resumed.

-VIX up 1.50

-FOMC minutes caused price fluctuation and no significant impact on trend.

-PANW +14.57, +7.68%, after better-than-expected EPS and guidance.

-After hours: NVDA +75.22, +24.63%, after a beat and raise guidance quarter.

 

/CL, DXY and TNX closed higher, while TLT and GLD moved lower.

Mega caps AMZN, META, AAPL rose and MSFT, NVDA, GOOGL, TSLA fell.

SPY down 3.00 at 411.09, on 89.2 million shares, above average volume, down on slightly higher volume.

VIX up 1.50 at 20.03.

QQQ down 1.71 at 331.65

CRM, MRK, UNH, CVX led the DJIA, 5 advancers, -3

GLW, VLO, FTI, EQT led the SPX, 81 advancers

PANW, ILMN, CRWD, NFLX led the NDX, 30 advancers.

The two-year trend term is sideways.  The one-year trend is sideways.

Up:

Down:  QQQ, SPY, DIA, IWM,

One of eleven sectors was higher on Tuesday, led by XLE, XLY and XLC.

The SPY MFC green line turned down at 75.5 and is short-term defensive.  SPY opened lower closed lower as debt ceiling talks continue.

Uptrend sectors:   XLK, XLC, XLP, XLY, XLV,

Neutral sectors:  XLB, XLI, XLU, XLRE,

Down trend sectors: XLE, XLF,

The 6-month intermediate trend is up.  The ten-day trend is down a little.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

30 of 100 NDX stocks closed higher on Wednesday.

46 NDX stock are above their 30 DMA:  AAPL, MDLZ, AMZN, CPRT, ISRG, MNST, DLTR, CSGP, MSFT, NVDA, CMCSA, LRCX, META, VRSK, CTSH, DDOG, GOOG, GOOGL, AMD, CRWD, FTNT, ZS, NFLX, AMAT, ASML, KLAC, MELI, OKTA, AVGO, MRVL, MU, SNPS, ADSK, RIVN, TSLA, WDAY, CSCO, ADBE, LCID, PAYX, TEAM, BKR, CTAS, ILMN, ORLY, PANW,

NDX Stocks to Watch on Thursday:

Moving Above 30 DMA = 5

BKR, CTAS, ILMN, ORLY, PANW,

Moving Below 30 DMA = 11

ADI, ADP, BIIB, CSX, FAST, INTU, MCHP, MRNA, NXPI, TXN, ZM,

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SPX Drops, Closes Lower as Debt Ceiling Talks Reach Impasse...Energy Rises, Ten Sectors Lower...

© 2023

-SPX -47.05, opened lower, dropped after 2-hour trading range and closed lower.

-SPX dropped after debt crisis talks reached an impasse,

-Comments from White House & McCarthy indicated a deal unlikely on Tuesday.

-Stocks range traded as debt ceiling talks resumed.

-All seven mega-caps closed lower.

-VIX up 1.32

-After hours: PANW +7.72, +4.07%, after a beat and raise guidance quarter.

-NVDA reports Wed. AMC

/CL, DXY, TLT and GLD closed higher, while TNX moved lower.

Mega caps AMZN, META, AAPL, NVDA, TSLA, MSFT, GOOGL fell.

SPY down 4.70 at 414.09, on 86.3 million shares, average volume, down on higher volume.

VIX up 1.32 at 18.53.

QQQ down 4.28 at 333.36

CVX, HD, WBA, VZ led the DJIA, 8 advancers, -1

ALB, ZION, AIG, TSN led the SPX, 110 advancers

MRNA, SGEN, WBA, AVGO led the NDX, 16 advancers.

The two-year trend term is sideways.  The one-year trend is sideways.

Up:

Down:  IWM, DIA, SPY, QQQ,

One of eleven sectors was higher on Tuesday, led by XLE, XLU and XLP.

The SPY MFC green line is pointed up at 83.4 and is short-term bullish.  SPY opened lower, traded in a range until debt ceiling talks reached an impasse and then sold off to close lower.

Uptrend sectors:   XLK, XLC, XLP, XLY, XLV,

Neutral sectors:  XLB, XLI, XLU, XLRE,

Down trend sectors: XLE, XLF,

The 6-month intermediate trend is up.  The ten-day trend is up.

3-month Intermediate Term Market Trend: Up

3-day Short Term Market Trend: Down

16 of 100 NDX stocks closed higher on Tuesday.

52 NDX stock are above their 30 DMA:  AAPL, MDLZ, AMZN, CPRT, ISRG, BIIB, MNST, DLTR, CSX, CSGP, MSFT, NVDA, CMCSA, LRCX, META, VRSK, CTSH, DDOG, GOOG, GOOGL, AMD, CRWD, FTNT, ZS, NFLX, AMAT, ASML, KLAC, MELI, OKTA, AVGO, MRVL, MU, ZM, SNPS, ADI, ADSK, FAST, MCHP, NXPI, RIVN, TSLA, WDAY, ADP, CSCO, INTU, ADBE, TXN, LCID, PAYX, TEAM, MRNA,

NDX Stocks to Watch on Wednesday:

Moving Above 30 DMA = 1

MRNA,

Moving Below 30 DMA = 11

BKNG, CDNS, CTAS, FISV, HON, IDXX, MAR, ORLY, PANW, ROST, VRTX,

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